Hagerty, the specialty and basic auto insurance coverage managing normal company, sees itself as greater than an insurance coverage supplier. The corporate says it’s an “automotive life-style model” that’s preparing for international development.
To this finish, the agency is increasing its senior management crew by selling Jack Butcher to president of International Markets and naming Stuart Foster, employed from Topgolf, as president of Automotive Enterprise.
“This can be a watershed second for Hagerty,” stated McKeel Hagerty, CEO of Hagerty.
Hagerty companions with 22 U.S. auto insurance coverage corporations to insure practically 2 million autos.
However in pursuit of its international life-style mission, Hagerty has additionally created a set of automotive companies for automobile lovers, together with Hagerty Drivers Membership, Hagerty Valuation Instruments, Hagerty Drivers Membership journal, the Greenwich Concours d’Magnificence, the California Mille, DriveShare, Hagerty Storage + Social and others.
At Hagerty, Foster will concentrate on the worldwide imaginative and prescient, technique, income and expense oversight of the automotive enterprise section. This consists of total enterprise membership and media methods, the enlargement of Hagerty Storage + Social, modern occasion technique, oversight of the corporate’s Fanatic Commerce Platform, and identification of rising alternatives.
Foster involves Hagerty from Topgolf, a world sports activities leisure firm headquartered in Dallas, Texas, the place he was chief advertising officer of U.S. venues. Previous to becoming a member of Topgolf, he served as vice chairman of International Model Advertising at Hilton the place he was chargeable for international positioning, technique and advertising efforts for each the luxurious and full-service portfolios of Hilton manufacturers, together with Hilton Resorts & Resorts, DoubleTree by Hilton, Conrad and Waldorf Astoria. Earlier than that, Foster served in quite a few positions with the premium drinks firm, Moet-Hennessy, within the U.S., Japan and France.
“The longer term for Hagerty is unimaginable. As a life-style model, Hagerty will foster the automobile fanatic’s ardour by means of a real group and market filled with significant experiences and worth,” Foster stated.
He stated the purpose is to make Hagerty the “one-stop, go-to platform for all issues automobile fanatics want and wish.”
In his new position, Butcher will lead Hagerty’s insurance coverage and threat companies companies in North America, the UK and Europe, with emphasis on continued worldwide development and constructing extra capabilities for purchasers and members.
“The Hagerty story has been a tremendous and profitable one,” stated Butcher. “Equally thrilling, we’ll proceed to develop our capabilities and our international presence by constructing upon our custom of delivering what vehicle fanatics’ worth and revel in.”
For the previous two years, Butcher has served as Hagerty’s senior vice chairman of North American Areas, main the buildout of the agency’s regional distribution technique.
Previous to becoming a member of Hagerty, Butcher served as a managing director at Marsh & McLennan, the place he led quite a few Marsh’s companies in Baltimore, Washington, D.C., New York and Chicago. Throughout his earlier tenure as govt vice chairman and chief working officer at TransForce in Alexandria, Virginia, the corporate skilled early-stage capital raises and natural in addition to acquisition enterprise development.
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